Understanding Your Health Reimbursement Account (HRA)
If you have enrolled in the myChoice Health Plan and you've completed your wellness incentive requirements, then you have an HRA. An HRA is a tax favored account in which an employer can deposit money for the employee to use to pay for medical expenses.
Earn Your $100 Incentive
Earning your incentive is easy. You'll just need to complete your personal health assessment (PHA), health screening and log 240 minutes of physical activity in one calendar month by April 30, 2013. You can completed your PHA, schedule your screening and log your physical activity by visiting www.healthyforlife.umsystem.edu. Once you have completed BOTH the PHA and health screening, your incentive will be deposited into your account within 30 days. Only the subscriber is eligible to earn the wellness incentive in 2013.
View Your HRA Balance and Activity
You can view your HRA Balance, check for your incentive deposit and see what funds have been used by logging into your Coventry My Online Services account. If you have not yet established your Coventry My Online Services account, you will need to do so by visiting www.ummedcvty.com and choosing login or register now. You will need your Coventry Health Care I.D. Card to register. Once you have registered, you can view your HRA balance and transactions:
Receive Your Reimbursements
You can receive your reimbursements via check or through direct deposit. Reimbursements for amounts that you paid toward your medical deductible or co-payment will automatically be sent as a check with your Explanation of Benefits once the claims for your services have been processed. You do not need to do anything to facilitate the process. Make sure that you open your Explanation of Benefits and look for your reimbursement check. If you would prefer to have your reimbursements direct deposited into your bank account, you may do so. You will need to complete a direct deposit authorization form that can be found in your My Online Services.
To complete the direct deposit authorization form Visit www.ummedcvty.com
While the $100 incentive may only be earned by the subscriber, it can be used for any member of the subscriber's family that is covered under the subscriber's plan. As a reminder, HRA funds may only be used for medical plan co-payments, deductibles and co-insurance. They may not be used for prescription drugs.
For additional questions contact Coventry C3: 1-800-613-7721 or your campus benefit representative.